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Arista-Glendale
CaliforniaFinanceNewsWestern

IPA Arranges $52M Refinancing for Glendale, California, Property

by Lynn Peisner

GLENDALE, CALIF, — IPA Capital Markets has arranged a $52 million refinancing loan for Arista Glendale, a 98-unit property in Glendale. Dwight Capital was the lender. IPA’s Stefen Chraghchian, based in Encino, California, arranged the five-year, interest-only loan. AHC Capital Holdings and Adept developed the property. Arista Glendale was a redevelopment of a former office building. Amenities include a resort-style pool with private cabanas, grills, an entertaining kitchen, coworking spaces, a package locker system, garage parking and a 24-hour fitness center.

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Coro-Los-Angeles
CaliforniaDevelopmentLeasing & MarketingNewsWestern

CIM Group Opens Coro in Los Angeles

by Lynn Peisner

LOS ANGELES — CIM Group has completed and opened Coro, a six-story, 168-unit property with 40,000 square feet of ground-floor retail in the West Adams neighborhood of Los Angeles. Units are offered as studios, one- and two-bedroom floor plans, and 17 apartments are reserved for households earning no more than 30 percent of area median income. CIM Group acquired the 1.3-acre Opportunity Zone property for the Coro project in 2023 from the West Angeles Church of God in Christ. Coro replaces the vacant former church, which relocated to the intersection …

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Parkside-Tampa
Build-to-RentDevelopmentFloridaLeasing & MarketingNewsSoutheast

ARK Homes For Rent Opens Tampa Townhome Community

by Lynn Peisner

TAMPA, FLA. — ARK Homes For Rent has completed and opened Parkside, a 75-unit rental townhome community in Tampa. Units are offered as three- and four-bedroom floor plans, and amenities include walking paths and a dog park. Monthly asking rents start at $1,995. ARK Homes For Rent also offers a mobile app that helps residents pay rent, submit maintenance requests and work orders, access HOA information and shop in a tailored marketplace. It also includes access to the ARK Living platform, which provides custom health content and on-demand wellness features.

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Canterbury-Green-Fort-Wayne
IndianaInvestment SalesMidwestNews

Morgan Properties Buys 2,000-Unit Canterbury Green in Fort Wayne

by Lynn Peisner

FORT WAYNE, IND. — Pennsylvania-based Morgan Properties has acquired Canterbury Green, a 1,998-unit community situated across 195 acres in Fort Wayne. The seller was a joint-venture between New York City-based Osso Capital and Philadelphia-based GoldOller Real Estate Investments. CBRE’s Hannah Ott, George Tikijian, Cam Benz, Claire Hassfurther, Ryan Stockamp, Taylor Ford and Sean Pingel represented the seller. GoldOller and Prospect Capital Corp. bought the property from AIMCO Holdings QRS in 2014 for $85.5 million. The asset, among the larger single-site multifamily communities in the nation, was developed between 1969 and …

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The-Henley-Grand-Prairie
FinanceNewsTexas

Walker & Dunlop Arranges $44.6 Million Refinancing for The Henley in Grand Prairie, Texas

by Lynn Peisner

GRAND PRAIRIE, TEXAS — Walker & Dunlop has arranged a $44.6 million loan to refinance The Henley, a 255-unit property in Grand Prairie. Goldman Sachs Alternatives was the lender, and Dallas-based StoneHawk Capital Partners was the borrower. Located at 3850 Double Oak Ave., The Henley is comprised of one- and two-bedroom units. Amenities include a clubhouse with a golf simulator, conference room, business lounge, game room and kitchen area. Additionally, the property features a resort-style pool, a rooftop lounge, a fitness center, package room, controlled gate access and a dog …

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Affordable HousingDevelopmentNewsOklahoma

Dominium Acquires Land for Oklahoma Affordable Housing Development

by Lynn Peisner

OKLAHOMA CITY — Dominium has announced the acquisition of land in Oklahoma City, with plans to construct The Scott, a new LIHTC affordable housing community. Located at 2124 NW 192nd St., The Scott marks Dominium’s second new-construction project in Oklahoma. The community will be comprised of 184 homes in a mix of two-story walk-up and townhome-style buildings. Amenities will include a clubhouse, fitness center, business center, playground and a pool. Completion is slated for January 2028. Specific income restrictions were not disclosed, but monthly asking rents are estimated to fall …

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The-Waverton-Secaucus
Investment SalesNew JerseyNewsNortheast

CBRE Arranges $47.8 Million Sale of The Waverton in Secaucus, New Jersey

by Lynn Peisner

SECAUCUS, N.J. — Woodmont Properties and Canoe Brook Development have sold The Waverton in Secaucus, with Canoe Brook retaining its minority ownership. The asset, completed in 2022, traded for $47.8 million. The name of the buyer was not disclosed. A 30-Year PILOT agreement is in place at the property. Twenty percent of The Waverton’s 116 units are offered at affordable rents. Income restrictions were not disclosed. The property features a 191-space parking garage, a fitness center with a yoga studio and an outdoor lounge with grills, fire pits and an …

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Dylan Point Loma Apartments MG
CaliforniaInvestment SalesNewsWestern

MG Properties Buys 180-Unit Property in San Diego’s Point Loma Neighborhood

by Lynn Peisner

SAN DIEGO — Locally based MG Properties has acquired Dylan Point Loma in San Diego from JLL Income Property Trust for an undisclosed sum. The seller was represented by Rachel Parsons and Derrek Ostrzyzek with CBRE. Fannie Mae acquisition financing for the transaction was arranged by CBRE’s Scott Peterson, Bill Childs and Brian Cruz. The 180-unit property opened in 2016 and consists of one-, two- and three-bedroom floor plans complemented by a resort-style saltwater pool, a fitness center, community club house, a conference room, game lounge, demonstration kitchen, dog park …

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4965-Washington-Denver
Affordable HousingColoradoDevelopmentNewsWestern

Public-Private Venture Begins Construction of $132 Million Mixed-Use Affordable Housing Development in Denver

by Lynn Peisner

DENVER — Globeville Redevelopment Partners, a joint venture consisting of several public and private members, has started construction on 4965 Washington St., a five story, mixed-use affordable housing community in Denver’s Globeville neighborhood. The $132 million project involves the redevelopment of a 2.7-acre, city-owned site that was formerly a car dealership. The project will include 170 apartments reserved for households earning between 30 and 80 percent of area median income. Developed in partnership with the Denver Public Library and the city and county of Denver, the lower level of the …

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1900-Parmer-Austin
BerkadiaFinanceNewsTexas

Berkadia Arranges $47 Million Refinancing for 1900 Parmer in North Austin

by Lynn Peisner

AUSTIN, TEXAS — Berkadia has arranged a $47 million refinancing loan for Griffin Capital, the El Segundo, California-based owner of 1900 Parmer Apartments in Austin. MF1 Capital was the lender, and Berkadia’s team was led by Mitch Sinberg, Scott Wadler, Brad Williamson, Matt Robbins and Patrick Johnson. The property, located at 1900 E. Parmer Lane, was developed in 2024 and was 98 percent leased at the time of the loan closing. In addition to one- and two-bedroom units, 1900 Parmer features two pools with cabanas, a two-story fitness center with …

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